Vantage Financial Partners LLC has raised its investment in the VictoryShares Free Cash Flow ETF (NASDAQ: VFLO) by 5.3% during the third quarter of 2023. According to the firm’s recent Form 13F filing with the Securities and Exchange Commission, Vantage now holds a total of 784,456 shares after acquiring an additional 39,601 shares during the quarter. This investment represents approximately 6.2% of Vantage Financial Partners’ overall portfolio, establishing the ETF as the firm’s second-largest holding.
As of the latest reporting period, Vantage’s stake in the VictoryShares Free Cash Flow ETF is valued at approximately $29,417,000. The ETF has attracted interest from other financial institutions as well. Flagship Harbor Advisors LLC increased its shareholding by 7.3% in the same quarter, bringing its total to 204,505 shares worth $7,669,000 after acquiring an additional 13,892 shares.
In addition to these investments, HORAN Wealth LLC entered the market by purchasing a new stake in the ETF valued at about $433,000. Greykasell Wealth Strategies Inc. significantly boosted its holdings by 263.4%, now owning 81,035 shares valued at $3,039,000 following an acquisition of 58,737 shares. Meanwhile, Jones Financial Companies Lllp invested $647,000 in a new position, and Foundations Investment Advisors LLC increased its stake by 62.7%, now holding 329,625 shares worth approximately $12,361,000.
Market Performance and Fund Overview
As of Thursday, the VictoryShares Free Cash Flow ETF opened at $39.71, reflecting a 1.8% increase. The fund boasts a market capitalization of $5.95 billion, with a price-to-earnings ratio of 13.70 and a beta of 0.91. Its 50-day moving average stands at $39.62, while the 200-day moving average is noted at $37.94. Over the past year, the ETF has recorded a low of $29.48 and a high of $40.67.
The VictoryShares Free Cash Flow ETF, launched on June 21, 2023, is designed to track the Victory US Large Cap Free Cash Flow index. This index includes some of the largest U.S. companies that are recognized for strong free cash flow yields and high growth metrics. Managed by VictoryShares, the ETF aims to provide investors with a strategic exposure to companies that demonstrate robust financial health.
As the interest in this ETF continues to grow among institutional investors, it reflects a broader trend in the market where funds focusing on free cash flow are gaining traction. The strategic positioning of Vantage Financial Partners and others indicates confidence in the ETF’s potential for delivering solid returns in the current economic climate.
